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Aleksandr [31]
3 years ago
8

In 2017, Sunrise City signed a contract in the amount of $8,000,000 for the construction of a new city hall. Expenditures were $

4,000,000 in 2017 and $2,050,000 in 2018, which included a change to the original construction design in the amount of $50,000. What amount should be added to capital assets in the governmental activities accounts in 2018?
Business
1 answer:
skad [1K]3 years ago
4 0

Answer:

The correct answer is $2,050,000

Explanation:

In 2017, Sunrise City signed a contract in the amount of $8,000,000 for the construction of a new city hall. Expenditures were $4,000,000 in 2017 <u>and $2,050,000 in </u><u>2018</u>

$2,050,000 should be added to capital assets in the governmental activities accounts in 2018

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The accounting records of EZ Company provided the data below.
Brrunno [24]

Answer:

Net cash flow from operating activities = $62,200

Explanation:

                           EZ Company

                Statement of Cash Flow

    Particulars                                                     Amount ($)

Net Income                                                           50,000

Net cash flow from operating activities:

Depreciation expense                       7,000

Amortization of patent                          500

Amortization of premium on bonds  1,000

Decrease in accounts receivable     2,000

Increase in inventory                        (1,500)

Decrease in salaries payable             (800)

Increase in accounts payable  <u>         4,000</u>

Net cash used or provided                                <u>   12,200</u>

Net cash flow from operating activities        =$62,200

Cash dividend is a financing activities, that is why it is not added or deducted in the operating activities.

7 0
4 years ago
If fixed costs are $200,000 and the unit contribution margin is $20, what amount of units must be sold in order to have a zero p
Sedbober [7]

Answer:

the amount of units that should be sold in the case when there is a zero profit is 10,000 units

Explanation:

The computation of the amount of units that should be sold in the case when there is a zero profit is given below:

No. of units to be sold is

= Fixed Cost ÷ Contribution per unit

= $200,000 ÷ $20

= 10,000 units.

hence, the amount of units that should be sold in the case when there is a zero profit is 10,000 units

8 0
3 years ago
Need points? Here ya go.​
Andrei [34K]

Answer:

thank you so much you rock

3 0
3 years ago
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10. Describe at least three steps you should take after finding out that your credit card was stolen.
Alisiya [41]
Q. Describe at least three steps you should take after finding out that your credit card was stolen.

A.

1st: report to your card issuer 

2a: check if it has been used

2b: report the fraudulent use to the reporting agencies

3: try remembering last locations and other information

~~

I hope that helps you out!!

Any more questions, please feel free to ask me and I will gladly help you out!!

~Zoey


5 0
3 years ago
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Which part of the business plan gives you a chance to explain why you want to start the company Question 5 options: financial pl
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Answer: start the company Question 5 options: financial plan marketing plan business description competitive analysis

Explanation:

Which part of the business plan gives you a chance to explain why you want to

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